Martin Kpebu, a private legal practitioner, has told the Economic and Organised Crime Office (EOCO) to investigate the alleged transfer of GH¢52.5 billion from the government’s GCB account to an unknown account close to the 2020 elections.
According to Martin Kpebu, the transaction occurred 5 years ago, and there is still no trace of where the money went.
He stressed that EOCO must probe the transaction to clarify whether the Akufo-Addo administration used the funds to finance the election.
Speaking on TV3’s Key Points show on February 14, 2026, Martin Kpebu stated, “We are looking forward to EOCO going into the GH¢52.5 billion that moved from GCB to unknown accounts in 2020, close to the elections”.
“So the questions we are asking are: did the previous administration use that money to finance the election? If not, why is Johnson Akuamoah Asiedu failing to give the report more than five years on?
In December 2024, he said he would come out with a report on where the money went, but five years later, he is still not able to come out, and we are still sitting here and watching him, so what kind of country is this? Elsewhere, he would have lost his job. What kind of country is this? Is there any wonder we had to go to the IMF” Kpebu said.
Lawyer Kpebu remarks follow reports which indicated that in 2020, GH¢52.5 billion, equivalent to about US$9 billion at the time, was allegedly transferred from the government’s account at GCB to unknown sources.
The GCB bank, however, stated that a circulating letter on social media about the transfer was forged and denied that any unauthorised transactions had occurred.
“In August 2023, chartered accountant Mike Kofi Afflu petitioned the Public Accounts Committee (PAC), seeking answers on who authorised the transaction and who received the funds”, reports added.
Some netizens reacting to Lawyer Kpebu’s claims stated, “”What kind of country is this?” — Lawyer Martin Kpebu. A kleptocratic country. GHANA IS A KLEPTOCRACY”.
“This government is a waste of time. A bunch of specialists in rigmarole! Cutting deals… the Freudian slip of cutting deals is true”, a netizen added.
One X user added, “You were able to see it moving from the GCB account, but the destination is not known.
You can’t manage a problem, hence let’s shift the goalpost to the previous administration; however, at least we have some gullible Ghanaians who would support and believe such after a year in office”.
Meanwhile, Ghana has been ranked 76th out of 182 countries in the 2025 Corruption Perceptions Index (CPI) after scoring 43 out of 100.
The Corruption Index was released by Transparency International in a press release dated February 10, 2026.
The findings show that Ghana’s anti-corruption efforts have so far yielded limited results.
A statement from Transparency International noted, “In an interconnected world, we need both national action and multilateral cooperation to protect the public interest and tackle shared challenges like corruption.
At a time when we’re seeing a dangerous disregard for international norms from some states, we need to protect a rules-based global order that is grounded in transparency, accountability to citizens and respect for human rights,” the statement said.
Ghana’s best CPI performance was in 2014, when it scored 48 out of 100. The score declined steadily in the years that followed, reaching 40 in 2017.
Ghana has declined on the index, maintaining a score of 43 since 2020, an indication that recent anti-corruption initiatives by successive governments have not translated into meaningful results.
Watch the video below:
We are looking forward to EOCO going into the GHS52.5 that moved from GCB to unknown accounts in 2020. – Lawyer Martin Kpebu #TheKeyPoints #TV3GH pic.twitter.com/uaav71gGdB
— #TV3GH (@tv3_ghana) February 14, 2026